Saudi Basic Industries Corporation (SABIC) has signed a technology agreement with Montefibre for a fully integrated world scale carbon fibre project in Saudi Arabia.

Vale has delivered its first shipment of pellets to Saudi Basic Industries Corporation (SABIC) from its US$1.35 billion Palletising Plant and Distribution Centre in Sohar.

KSB Middle East opened a new 3,000 m² regional headquarters in Jebel Ali Free Zone (JAFZA) that will manage all business operations in the domestic market and neighboring countries such as Oman, Bahrain, Kuwait, Yemen and Qatar.

Mrs. Salma Hareb, CEO of Jebel Ali Free Zone, Mr. Klaus Ranner, the consul general of Germany in Dubai and Mr. Jan Stoop, member of KSB AG Board of Management inaugurated the new facility in the presence of invited guests from various organizations.

Mr. Tonjes Cerovsky, KSB Vice-President Middle East and Africa and Mr. Erwin Maier, Managing Director of KSB Middle East FZE also took part in the opening ceremony.

KSB Middle East FZE was established in JAFZA in the year 2004 and has witnessed substantial growth ever since, especially in the areas of water extraction, transport and treatment as well as building services and industry. The new facility will address and accommodate the rapid growth of the company.

Mrs. Salma Ali Saif bin Hareb, CEO, EZW said "KSB's new regional headquarters in Jafza will help them expand their market share further and bring their global expertise and offerings to even more customers across the region. Since they first came into Jafza, KSB have set themselves on a determined path to growth, capitalising on the huge opportunities presented in the Middle East, and Dubai in particular."

The complex has been designed and constructed considering the green building concept and energy-efficient design specifications. The facility includes space for future expansion and will soon be equipped with machinery to assemble pump sets and valve-actuator assemblies

Global Pipe Company (GPC), a Saudi-German joint venture, announced that the new production facility being built in Jubail Industrial City, Saudi Arabia will be complete by Q2 2012.

Steel trading firm Tarwada Steel International Manufacturing has set up a steel service center in Dubai Investment Park (DIP).